SUTL Enterprise    Last:0.7   -

4Cents divident declared 50% yield!!!

IPunter....long time no hear/see.

the cats and dogs for this counter is indeed taking its time to cheong.....

iPunter      ( Date: 01-Aug-2009 19:06) Posted: Stocks that have not moved at all may come alive when the cats and dogs start to "cheong" at the appropriate stage..

 

Stocks that have not moved at all may come alive when the cats and dogs start to "cheong" at the appropriate stage.. 

 

Not much price movement in this. With the recent run up in the market, better to put $$ somewhere else.

 

kitty,

On the contray, there was selling pressure at 9c. It was well supported with buy ups at 9c throughout the day with some 130lots sold down at 8.5c.

today's volume was pretty decent accumulation for BB

 

Achieva survive the ordeal. No selling pressure at all.

 

base on the profit warning, the loss is non-cash impairment due to forex translationa losses. At the operating level, coy is profitble. What Im waiting for is the operating cashflow results.

In anycase, looking the buy and sell quotes, very stable so this would be good opportunity to keep accumulating at cashvalue from retail who cannot tahan wait......BB have planned this pretty well.

kolslorr      ( Date: 31-Jul-2009 12:34) Posted: if net loss this Q...how will they announce any form of dividend?

 

coy has 8c worth of cash.......if they don't need it, they should distribute it out to shareholders.

 

loss making still can declare D. still got large reserve mah.! depends wat the SSH wants .who benefits more? 

kolslorr      ( Date: 31-Jul-2009 12:34) Posted: if net loss this Q...how will they announce any form of dividend?

 

if net loss this Q...how will they announce any form of dividend?

 

Seem stable so far. If drop below 8.5c sure a good bargain...:)

Next week see if got more actions.

 

markets are obviosuly stating to price counters above NTA.Discounts are getting less and less.

One of my other counters SMB United is moving up the NTA chain......Key thing for Achieva is management will use whatever bad news created to try to talk down the market as they continue to accumulate shares.

 

Market is shrugging this off like it shrugs off SIA and CapLand losses. Bullish undertone is strong. Hurray :)

 

Maybe a strategy to juice out the last few weak hands?

Strong buying @ 9.0c. Look at the large lots sweeping up.

 

pre-trade session buy and sells looks ok. Back to same or same or 8.5c vs 9c.

 

There may be miscalculations somewhere by the CFO then. No excuse for a professional to make excuses.

Confirm selling pressure, no point for anyone to go against the trend. Same for those BBs, if any.

 

Agreed that CFO has failed in his responsibility to manage the FX risk. Believe that FX loss was also one of the issues raised during this year AGM.

victorian2      ( Date: 31-Jul-2009 01:28) Posted: well, retail investors are likely to react negatvively to the losses but those who can read the P&L and read between the lines will know that the currency issue is one off and is a non-cash impariment item. At the operating level, the coy is expected to announced proftis from operations which is more important. I'm surprise that the CFO can seem to allow this to happen which means there was not hedging of the US dollar cash denomination holdings.Just watch the buying levels tomorow and next week. Will not be surprise if indiscriminate selling takes place but it will be well supported.

 

well, retail investors are likely to react negatvively to the losses but those who can read the P&L and read between the lines will know that the currency issue is one off and is a non-cash impariment item.

At the operating level, the coy is expected to announced proftis from operations which is more important.

I'm surprise that the CFO can seem to allow this to happen which means there was not hedging of the US dollar cash denomination holdings.Just watch the buying levels tomorow and next week. Will not be surprise if indiscriminate selling takes place but it will be well supported. 

 

But if u wait till they sell u won't have the chance to react liao.

 

A loss is indeed a loss. Last Thursday there was huge volume buy up @ 9.0c-9.5c. Those folks are still holding on. Lets see how these folks behave then decide what to do next. May not be that bad.

 

Achieva Limited
Incorporated in the Republic of Singapore
(Company Registration No. 199307251M)


Profit Guidance
In anticipation of the release of the Group’s second quarter results for FY2009, the Board of Directors of
Achieva Limited (the “Company”) deems that it is appropriate to issue a profit guidance.
While the Profit from Operations is expected to be positive, the Group would post a Net Loss before Tax,
as a result of foreign exchange losses. Such foreign exchange losses would include a one-time loss on
the conversion of US dollar bank fixed deposits to Singapore dollar to pay the interim dividends of S$20.8
million in June 2009. Despite hedging forward, this loss was incurred due to the significant weakening of
the US dollar against Singapore dollar in the second quarter of FY2009.
Further details of the Group’s performance will be disclosed when the Company announces the unaudited
financial results for the second quarter of FY 2009.
BY ORDER OF THE BOARD
30July 2009

Lucky to get out plus got gd dividends,now we know why all directors selling,,,,bait high dividends to lure U in

kolslorr      ( Date: 30-Jul-2009 23:15) Posted: i see gap down soon